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Posted by
Two Blokes May 19, 2025 -
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-- First Quarter Revenues of RMB 682.0 million, increase 35.1% year over year -- First Quarter Net Loss of RMB 38.8 million, compared to net loss of RMB 54.8 million in the same period of last year BEIJING, May 19, 2025 (GLOBE NEWSWIRE) -- Niu Technologies (“NIU”, or “the Company”) (NASDAQ: NIU), the world's leading provider of smart urban mobility solutions, today announced its unaudited financial results for the first quarter ended March 31, 2025. First Quarter 2025 Financial Highlights Revenues were RMB 682.0 million, an increase of 35.1% year over year Gross margin was 17.3%, compared with 18.9% in the first quarter of 2024 Net loss was RMB 38.8 million, compared with net loss of RMB 54.8 million in the first quarter of 2024 Adjusted net loss (non-GAAP) 1 was RMB 31.4 million, compared with adjusted net loss of RMB 48.5 million in the first quarter of 2024 First Quarter 2025 Operating Highlights The number of e-scooters sold was 203,313, up 57.4% year over year The number of e-scooters sold in China was 183,065, up 66.2% year over year The number of e-scooters sold in the international markets was 20,248, up 6.4% year over year The number of franchised stores in China was 4,119 as of March 31, 2025 The number of distributors in our international sales network was 57, covering 53 countries as of March 31, 2025 Dr. Yan Li, Chief Executive Officer of the Company, remarked: “In China, we are advancing our intelligent product development strategy by integrating automotive-grade technologies such as millimeter-wave radar, dual-channel ABS, and AI Smart Ecosystem to enhance the user experience.
